A Wikileaks Cable Explained The Money Laundering Formula That Turned Macau Into A Gigantic Economic Successhttp://www.businessinsider.com/wikileaks-on-macau-2012-12/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 20:40:35 -0400Joe Weisenthalhttp://www.businessinsider.com/c/50bf1457eab8ea461200000dberickWed, 05 Dec 2012 04:31:03 -0500http://www.businessinsider.com/c/50bf1457eab8ea461200000d
I don't see the name "Adelson" mentioned. Is he part of this?http://www.businessinsider.com/c/50bf0f5b6bb3f7ff2300000cbaloisWed, 05 Dec 2012 04:09:47 -0500http://www.businessinsider.com/c/50bf0f5b6bb3f7ff2300000c
China is a totalitarian, opaque society with obscure accountability, murky checks and balances and, hence, ideal for corruption to flourish. So Macau can look forward to a prosperous future under Chinese rule with the odd clamp down, example stating to satisfy critics. Not my idea of a libertarian paradise. But then I recognize that the definition is open to debate, subjective interpretation and off topic.
Btw, 'thanks' to Wikileaks my esteem for the US foreign service continues to increase. In fine, well deserved, good PR. Something to think about, this apparent paradox, fodder for conspiracy theorists...?http://www.businessinsider.com/c/50bef5f5eab8ea7649000016Gary AndersonWed, 05 Dec 2012 02:21:25 -0500http://www.businessinsider.com/c/50bef5f5eab8ea7649000016
If you live in Las Vegas, like I do, you just need to know what not to do with casinos everywhere.http://www.businessinsider.com/c/50bef5c36bb3f7c26d000007Gary AndersonWed, 05 Dec 2012 02:20:35 -0500http://www.businessinsider.com/c/50bef5c36bb3f7c26d000007
Yes it was the government that regulated the Las Vegas casinos properly. I don't think China is for that. China is a libertarian paradise, with every man for himself with no regulation.http://www.businessinsider.com/c/50beebac6bb3f79e60000003Paul TysonWed, 05 Dec 2012 01:37:32 -0500http://www.businessinsider.com/c/50beebac6bb3f79e60000003
All casinos are "evil" places whether in America, China or woop woop land. All of the games are rigged so that the house always wins at the end of the day. How do you think Las Vegas, that ultimate symbol of excess, was built? On the mug gamblers' losses, of course.
The general admission areas are filled with stupid and generally poor people, blowing what little money they have, while the VIP areas are home to crims and greasy businessmen, vapourising large amounts of their ill gotten gains or money laundering.
Gary Anderson why don't you go on You Tube and watch Louis Theroux's doco on Las Vegas. It makes compelling viewing.http://www.businessinsider.com/c/50bedb206bb3f70442000006john1066Wed, 05 Dec 2012 00:26:56 -0500http://www.businessinsider.com/c/50bedb206bb3f70442000006
"While casinos launder money, I am sure that it hurts trust in the casinos themselves. Therefore, if Las Vegas casinos stay away from this sort of publicity, they will boom and be viable for a long time."
How many years did Las Vegas do this for? Sorry it was the government stepping in that stopped the worse behaviour.http://www.businessinsider.com/c/50bec98469bedde009000007krypticTue, 04 Dec 2012 23:11:48 -0500http://www.businessinsider.com/c/50bec98469bedde009000007
He's saying its a primary source of their revenue.http://www.businessinsider.com/c/50bebdc6ecad042f1f00000aGary AndersonTue, 04 Dec 2012 22:21:42 -0500http://www.businessinsider.com/c/50bebdc6ecad042f1f00000a
While casinos launder money, I am sure that it hurts trust in the casinos themselves. Therefore, if Las Vegas casinos stay away from this sort of publicity, they will boom and be viable for a long time. If Macau gets a reputation as being shady, people may be afraid to bet there.
China does not seem like the kind of nation to keep things on the up and up. It is so corrupt with bad stocks and scamming party leaders that it may not be able to govern Macau. People should think hard about owning these stocks, like Wynn. They may be boom stocks but this corruption makes them a big bet.
Nice article.http://www.businessinsider.com/c/50beb2c6ecad04220b000006ReallyTue, 04 Dec 2012 21:34:46 -0500http://www.businessinsider.com/c/50beb2c6ecad04220b000006
Wait a minute. You're saying organized crime is involved with money laundering through casinos? I find that hard to believe.http://www.businessinsider.com/c/50bea082eab8ea3a0100002dLoginwithfacebookTue, 04 Dec 2012 20:16:50 -0500http://www.businessinsider.com/c/50bea082eab8ea3a0100002d
Cool Story Bro. Where'd you pick this one up from?